Multiple Choice
The aggregate demand and aggregate supply graph has the
A) quantity of output on the horizontal axis.Output is best measured by real GDP.
B) quantity of output on the horizontal axis.Output is best measured by nominal GDP.
C) quantity of output on the vertical axis.Output is best measured by real GDP.
D) quantity of output on the vertical axis.Output is best measured by nominal GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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